A two-phase test loop has been designed and constructed to generate the necessary data for two-phase pressure drop and Critical Heat Flux (CHF) under reduced gravity conditions. A series of airplane trajectory tests aboard NASA KC-135 were performed and the data was used to evaluate the applicability of the earth gravity models for prediction of the reduced gravity data. Several commonly used correlations for the two-phase friction multiplier and critical heat flux were used to predict the data. It was generally concluded that the two-phase pressure drop can be predicted by the earth gravity correlations. The critical heat flux under reduced gravity conditions did not show a strong dependence on mass flow rate and the measured CHF were generally lower than the equivalent 1g conditions. The earth gravity models need to be modified for application to reduced gravities.